PERSHING SQUARE USA LTD PSUS
COM SHS · Closed-End Fund · CUSIP 71531T105
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $37.21.
Biggest buyers
| TEACHER RETIREMENT SYSTEM OF TEXAS | New | +10.3m |
| PERSHING SQUARE INC. | New | +4.0m |
| Harel Insurance Investments & Financial Services Ltd. | New | +3.6m |
| Consulta Ltd | New | +3.0m |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | New | +2.1m |
| MENORA MIVTACHIM HOLDINGS LTD. | New | +2.0m |
| Migdal Insurance & Financial Holdings Ltd. | New | +1.5m |
| Alyeska Investment Group, L.P. | New | +1.2m |
| Clal Insurance Enterprises Holdings Ltd | New | +1.0m |
| CITADEL ADVISORS LLC | New | +625.9k |
Biggest sellers
| None |
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
PERSHING SQUARE INC.
13D · may seek influence
new · filed 2026-05-07
Stated purposeOn April 30, 2026, PSUS Holdings acquired 1,000,000 Preferred Shares in a private placement conducted in connection with the initial public offering of the Issuer's Common Shares, representing all of the outstanding Preferred Shares of the Issuer. Pursuant to the terms of the Preferred Shares and in accordance with the requirements of the Investment Company Act of 1940, as amended (the "1940 Act"), PSUS Holdings, as the holder of the Preferred Shares, will be entitled to elect two Trustees to the Issuer's Board of Trustees at all times and in accordance with the requirements of the 1940 Act would become entitled to elect a majority of the Trustees of the Issuer in the event that two full years' dividends on the Preferred Shares are unpaid. In addition, on April 30, 2026, PSUS Holdings ac… Full filing |
100.0% |
| TEACHER RETIREMENT SYSTEM OF TEXAS 13G · institution new · filed 2026-05-06 | 10.3% |
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 8 | $294.1m | 0 | — | — |
| Q3 2026 | 1 | $243.7k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-08-18 | POLSKY LISA Director | Bought | $243.7k6.2k shares |
| 2026-08-17 | TEACHER RETIREMENT SYSTEM OF TEXAS 10% owner | Sold | $248.6k6.2k shares |
| 2026-08-04 | TEACHER RETIREMENT SYSTEM OF TEXAS 10% owner | Sold | $1.9m50.0k shares |
| 2026-08-03 | TEACHER RETIREMENT SYSTEM OF TEXAS 10% owner | Sold | $2.7m70.0k shares |
| 2026-06-17 | Herring Bruce Director | Bought | $201.2k5.0k shares |
| 2026-04-30 | ACKMAN WILLIAM A Chief Executive Officer | Bought | $196.0m4.0m shares |
| 2026-04-30 | ACKMAN WILLIAM A Chief Executive Officer · See footnotes | Bought | $42.0m841.0k shares |
| 2026-04-30 | ISRAEL RYAN Chief Investment Officer | Bought | $25.0m500.0k shares |
| 2026-04-30 | Hakim Ben President | Bought | $17.5m350.0k shares |
| 2026-04-30 | Botta Nicholas Anthony Director | Bought | $12.5m250.0k shares |
| 2026-04-30 | Coussin Halit Chief Compliance Officer | Bought | $10.0m200.0k shares |
| 2026-04-30 | Gonnella Michael Chief Financial Officer | Bought | $5.0m100.0k shares |
| 2026-04-30 | ACKMAN WILLIAM A Chief Executive Officer | Bought | $2.8m56.2k shares |
| 2026-04-30 | Herring Bruce Director | Bought | $434.1k10.0k shares |
| 2026-04-30 | Falzone Jessica A Secretary | Bought | $100.0k2.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| TEACHER RETIREMENT SYSTEM OF TEXAS 1.03% of their portfolio | 10.3m $383.9m | New |
| PERSHING SQUARE INC. 0.77% of their portfolio | 4.0m $149.5m | New |
| Harel Insurance Investments & Financial Services Ltd. 0.62% of their portfolio | 3.6m $128.3m | New |
| Consulta Ltd 4.05% of their portfolio | 3.0m $112.1m | New |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 3.71% of their portfolio | 2.1m $78.1m | New |
| MENORA MIVTACHIM HOLDINGS LTD. 0.29% of their portfolio | 2.0m $74.8m | New |
| Migdal Insurance & Financial Holdings Ltd. 0.36% of their portfolio | 1.5m $56.1m | New |
| Alyeska Investment Group, L.P. 0.11% of their portfolio | 1.2m $43.7m | New |
| Clal Insurance Enterprises Holdings Ltd 0.17% of their portfolio | 1.0m $37.4m | New |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 625.9k $23.4m | New |
| UBS Group AG 0.00% of their portfolio | 620.8k $23.2m | New |
| Permanens Capital L.P. 2.31% of their portfolio | 601.3k $22.5m | New |
| LAZARD ASSET MANAGEMENT LLC 0.03% of their portfolio | 470.4k $17.6m | New |
| Arena Capital Advisors, LLC- CA 7.87% of their portfolio | 437.5k $16.4m | New |
| MEITAV INVESTMENT HOUSE LTD 0.10% of their portfolio | 410.9k $15.4m | New |
| COOPER INVESTORS PTY LTD 7.01% of their portfolio | 408.5k $15.3m | New |
| Thomas J. Herzfeld Advisors, Inc. 3.28% of their portfolio | 285.4k $10.7m | New |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.35% of their portfolio | 278.2k $10.4m | New |
| MORGAN STANLEY 0.00% of their portfolio | 271.2k $10.1m | New |
| NewEdge Advisors, LLC 0.03% of their portfolio | 254.3k $9.5m | New |
| Proficio Capital Partners LLC 0.30% of their portfolio | 222.7k $8.3m | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 220.6k $8.2m | New |
| HBK INVESTMENTS L P 0.09% of their portfolio | 200.0k $7.5m | New |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.81% of their portfolio | 173.7k $6.5m | New |
| Holowesko Partners Ltd. 1.33% of their portfolio | 140.7k $5.3m | New |
| LPL Financial LLC 0.00% of their portfolio | 127.8k $4.8m | New |
| KKM Financial LLC 0.61% of their portfolio | 119.3k $4.5m | New |
| SALEM INVESTMENT COUNSELORS INC 0.11% of their portfolio | 118.9k $4.4m | New |
| Tidal Investments LLC 0.01% of their portfolio | 116.4k $4.4m | New |
| Ovata Capital Management Ltd 0.32% of their portfolio | 115.1k $4.3m | New |
| SCOGGIN MANAGEMENT LP 0.88% of their portfolio | 100.0k $3.7m | New |
| EQUITEC PROPRIETARY MARKETS, LLC 0.91% of their portfolio | 98.5k $3.7m | New |
| Banco BTG Pactual S.A. 0.46% of their portfolio | 92.6k $3.5m | New |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 81.2k $3.0m | New |
| TrueMark Investments, LLC 0.35% of their portfolio | 74.0k $2.8m | New |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 72.6k $2.7m | New |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 68.7k $2.6m | New |
| LM Advisors LLC 0.28% of their portfolio | 64.0k $2.4m | New |
| CORRADO ADVISORS, LLC 1.05% of their portfolio | 60.8k $2.3m | New |
| SFMG, LLC 0.11% of their portfolio | 49.4k $1.8m | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 46.2k $1.7m | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 44.1k $1.6m | New |
| Orvieto Partners, L.P. 1.13% of their portfolio | 40.0k $1.5m | New |
| HRT FINANCIAL LP 0.00% of their portfolio | 37.4k $1.4m | New |
| HOHIMER WEALTH MANAGEMENT, LLC 0.13% of their portfolio | 35.0k $1.3m | New |
| OAK FAMILY ADVISORS, LLC 0.33% of their portfolio | 30.9k $1.2m | New |
| Shaker Financial Services, LLC 0.31% of their portfolio | 26.9k $1.0m | New |
| Steward Partners Investment Advisory, LLC 0.01% of their portfolio | 26.8k $1.0m | New |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 25.5k $951.7k | New |
| Allspring Global Investments Holdings, LLC 0.00% of their portfolio | 24.9k $930.8k | New |
| Closed-End Fund Advisors, Inc. 0.76% of their portfolio | 20.7k $775.1k | New |
| Focus Partners Wealth 0.00% of their portfolio | 20.6k $770.0k | New |
| INDEPENDENT INVESTORS INC 0.14% of their portfolio | 20.0k $747.6k | New |
| Quantinno Capital Management LP 0.00% of their portfolio | 20.0k $747.6k | New |
| Stratos Wealth Partners, LTD. 0.01% of their portfolio | 18.2k $679.2k | New |
| Cetera Investment Advisers 0.00% of their portfolio | 17.2k $643.9k | New |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 11.4k $425.0k | New |
| CASCADE INVESTMENT GROUP, INC. 0.24% of their portfolio | 11.3k $422.2k | New |
| Creative Planning 0.00% of their portfolio | 11.2k $419.4k | New |
| Institute for Wealth Management, LLC. 0.03% of their portfolio | 9.1k $339.6k | New |
| HighTower Advisors, LLC 0.00% of their portfolio | 8.6k $322.4k | New |
| Kestra Advisory Services, LLC 0.00% of their portfolio | 8.2k $308.4k | New |
| DIVERSIFIED TRUST CO 0.00% of their portfolio | 8.0k $299.0k | New |
| FNY Investment Advisers, LLC 0.11% of their portfolio | 7.8k $291.0k | New |
| Williams Jones Wealth Management, LLC. 0.00% of their portfolio | 7.8k $289.7k | New |
| MARSHALL WACE, LLP 0.00% of their portfolio | 7.6k $284.1k | New |
| Schonfeld Strategic Advisors LLC 0.00% of their portfolio | 7.5k $278.6k | New |
| TWO SIGMA SECURITIES, LLC 0.02% of their portfolio | 6.7k $249.4k | New |
| Private Advisor Group, LLC 0.00% of their portfolio | 5.9k $221.2k | New |
| RFG Advisory, LLC 0.00% of their portfolio | 5.5k $205.6k | New |
| JB Capital LLC 0.01% of their portfolio | 5.5k $205.6k | New |
| SIGNATUREFD, LLC 0.00% of their portfolio | 5.1k $191.2k | New |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 4.7k $174.2k | New |
| Integrated Wealth Concepts LLC 0.00% of their portfolio | 3.9k $145.0k | New |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 2.5k $94.0k | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.8k $68.1k | New |
| ELKHORN PARTNERS LIMITED PARTNERSHIP 0.03% of their portfolio | 1.0k $37.4k | New |
| Arax Advisory Partners 0.00% of their portfolio | 800 $29.9k | New |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 672 $25.1k | New |
| SouthState Bank Corp 0.00% of their portfolio | 500 $18.7k | New |
| PIN OAK INVESTMENT ADVISORS INC 0.01% of their portfolio | 500 $19.0k | New |
| PFS Partners, LLC 0.01% of their portfolio | 500 $18.7k | New |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio | 400 $15.6k | New |
| SJS Investment Consulting Inc. 0.00% of their portfolio | 385 $14.4k | New |
| LANARK FINANCIAL, INC. 0.00% of their portfolio | 300 $11.2k | New |
| Federation des caisses Desjardins du Quebec 0.00% of their portfolio | 185 $6.9k | New |
| Bogart Wealth, LLC 0.00% of their portfolio | 100 $3.7k | New |
| MCDONALD PARTNERS LLC 0.00% of their portfolio | 50 $1.9k | New |